Tex. Finance Code § 154.254
This is the official text of Tex. Finance Code § 154.254, part of Texas’s Finance Code — regulates banks and other financial institutions.
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§ 154.254. AMOUNT PAYABLE ON CANCELLATION OF CONTRACT.
Official statutory text
A purchaser of a trust-funded prepaid funeral benefits contract who cancels the contract during the first year of the contract when payments required under the contract are current is entitled to receive, regardless of the amount held in trust, the greater of:
(1) 90 percent of the actual amount paid by the purchaser; or
(2) the amount deposited in trust with respect to the purchaser's contract.
(1) 90 percent of the actual amount paid by the purchaser; or
(2) the amount deposited in trust with respect to the purchaser's contract.
Status: in_force · Read it on the official government site
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